Singapore

Home prices may rise 10% in 2011

Price growth would likely decrease from 2010's preliminary estimate of 17.6% due to the presence of downward pressures.

Home prices may rise 10% in 2011

Price growth would likely decrease from 2010's preliminary estimate of 17.6% due to the presence of downward pressures.

Singapore service sector contracted 8.8% in 2010

The only service sectors that showed growth are financial services sector and tourism-related business, HSBC said.

Direct marketing giants merge to form Go/React

The single digital agency, Go/React is a combination of two companies - direct marketing consultancy, React, and direct marketing agency, Go Direct!

Private residential property price index jumped 17.6% in 2010

The price index increased to 2.7%, compared with the 2.9% in the previous quarter.

Cooling measures dampen HDB resale and private home prices

Effects of the implementation of new government rules are starting to be felt, With the HDB RPI is set to rise 2.4% to 171.9 and the private home prices expected to inch up 2.7% to 194.8.

HSBC forecasts a ho-hum 2011 for Singapore economy

The bank says the country is about to enter into “normal times” after rebounding quickly from the global financial crisis and posting a record 14.7% GDP growth for 2010.

Singapore's 2010 GDP falls short of expectations

The economy registered a full year growth of 14.7% despite expanding in 4Q10, and failed to meet the analysts’ 15% prediction.

Manufacturing growth up 28.2% in 2010

After falling -18.9% qoq in Q3, the manufacturing growth rebounded on a qoq basis.

Singapore GDP growth forecast at 5% in 2011

Despite the 14.9% yoy GDP growth for 2010, GDP growth should moderate to around 4-5% in 2011.

Transport and storage services total value added down 20% in 2009

While total operating receipts generated by the transport and storage services industry is 16.2% lower compared with 2008.

Water transport services profitability ratio down 12.7% in 2009

Earnings-Expenditure Ratio of the transport and storage services industry decreased to 16.4% in 2009 from 21.1% in 2008.

ITT launches latest water solutions at PSAsia 2010

ITT announced the presence of its Fluid Technology Business at PSAsia 2010, the 10th International Exhibition on Fluid, Air and Gas Handling Systems in Asia, held in Singapore Marina Bay Sands.

Merry Christmas and Happy Holidays

Santa is taking a break in Australia and the elves are off to the provinces for the Holiday break so come back in the new year starting Janaury 3.

URA to launch tender for a Robertson Quay hotel site

A developer has committed to bid at a price of not less than S$51.5mln to the site along the historic Singapore River.

US$1.13bln worth of small domestic appliances sold in ten months

Singapore Small Domestic Appliances industry grew significantly by 32 per cent.

Singapore economic growth expected to drop at 5.2% in 2011

While a full-year growth of 14.8% is expected for 2010.

Office rents continue upward momentum in fourth quarter

Steady level of office space demand is seen should the economic recovery remain on track.